Diageo CEO Dave Lewis ordered executives to implement cost-saving measures and staff reductions. The Financial Times reported the company-wide restructuring on June 18, 2026. This initiative aims to streamline operations and improve efficiency at the global beverage giant.
The restructuring follows a period of share price underperformance. CEO Dave Lewis recently broke a long-standing tradition of annual dividend growth by cutting the interim dividend. Leadership intends for the plan to increase competitiveness and address recent performance issues.